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Solutionpath Limited

08033357

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

26-32 OXFORD ROAD, BOURNEMOUTH, BH8 8EZ
Incorporated 17/04/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62030
Computer facilities management activities

Officers

Mr Jeremy Dyce Duckworth

director · Since 22/09/2022

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 63

Mr Mark Stephen Edmondson

director · Since 22/09/2022

CHIEF OPERATIONS OFFICER

BRITISH · ENGLAND · Age 48

Also on 2 other boards

Persons with Significant Control

Mr James Richard Gray

Significant control

British · United Kingdom · Age 60

26-32, Oxford Road, Bournemouth, BH8 8EZ

Notified 22/09/2022

Kortext Limited

75–100% shares
75–100% votes
Appoint directors

26-32, Oxford Road, Bournemouth, BH8 8EZ

Reg: 08617088 · Companies House · Private Limited Company

Notified 22/09/2022

Former PSCs

Mr Howard James Hall

Ceased 22/09/2022

Charges2 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 18/05/2023Registered 19/05/2023
Charge
outstanding

HSBC UK BANK PLC

Created 21/04/2021Registered 03/05/2021
Charge
satisfied

NPIF Y&H DEBT L.P. ACTING THROUGH ITS GENERAL PARTNER EVBL (GENERAL PARTNER NPIF Y&H DEBT) LIMI

Created 23/11/2020Registered 27/11/2020Satisfied 26/09/2022
Charge
satisfied

EVBL (GENERAL PARTNER EV SME LOANS II) LIMITED

Created 23/11/2020Registered 27/11/2020Satisfied 26/09/2022

CompanyRankvs 76+ SIC 62030 peers
78

Financial strength97th percentile among SIC peers · 24/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.61× · 20/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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76Solutionpath Limited
88
How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/07/2021

Net Worth

£656k

Balance sheet strength

Cash

£780k

Cash in the bank

Net Current Assets

£1.3M

Working capital

Current Assets

£2.0M

Current Liabilities

£778k

Fixed Assets

£315k

Debtors

£1.3M

22avg. employees+1

Tax at Year End

Corp tax£28k

Balance Sheet

Intangible assets£304k
Assets less current liabilities£1.6M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20212.61+£384k
20200.89+£91k
20190.82+£98k
20180.72—

Derived from filed accounts. Not audited figures.